The market leader within maritime offshore wind solutions, ESVAGT, will follow customers to the emerging Korean offshore wind market by entering a joint venture partnership with South Korean KMC Line.
ESVAGT delivered its strongest financial performance to date in 2024, reaching an all-time high revenue of DKK 1,470 million and a record EBITDA of DKK 508 million. The results mark a year of strategic progress and operational excellence.
From 1 November Kristian Jakobsen and Søren Karas will jointly take over the CEO role at ESVAGT replacing Peter Lytzen who will retire.
ANNUAL REPORT: With a considerable revenue growth in both the oil and gas and wind segments, ESVAGT continued its business growth in 2023. Securing long-term contracts for two new-buildings for Ørsted and Vestas and a new strategic partnership targeting the Asian market for offshore wind, ESVAGT is heading for further growth.
A new Danish-Korean collaboration between ESVAGT and KMC Line is looking to unlock the considerable potential in Korean offshore wind.
ESVAGT has secured the contract to service Vestas at Ecowende’s Hollandse Kust West offshore wind farm in the Netherlands and has initiated the process of designing and building the new SOV.
ESVAGT donates 30 used servers to the Syddansk Business School (SDE College)
Our GRESB score has improved, holding great significance for our customers, partners, and investors who expect ESVAGT to operate sustainably and environmentally responsibly.
Serica Energy has extended the contract with ESVAGT and ESVAGT CASSIOPEIA. This extension, signed for three years from December 3rd, 2023 to December 3rd, 2026 reaffirms its commitment to supporting Serica Energy’s operations.
The contract not only secures ESVAGT CASSIOPEIA’s role in supporting Serica Energy for the next three years but also includes options for an additional 3 x 1-year ext
Ambitious climate targets and concrete, innovative efforts contributed to Vesta's naming ESVAGT as its ‘Sustainability Supplier of the Year’.
The transfer boat of the future for the wind sector will be bigger and stronger, with room for more technicians and more cargo. ESVAGT and Hvide Sande Shipyard are raising the bar together.
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK East Coast, as the result of a ground-breaking agreement between Ørsted and ESVAGT. Now the two companies are expanding their partnership on green offshore operations by signing an agreement for a second green service operation vessel.
